SafeMoon (SAFEMOON) Rises 5.75%, Outperforms the Crypto Market Wednesday

Wednesday, July 27, 2022 12:43 PM | InvestorsObserver Analysts

SafeMoon (SAFEMOON) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has increased 5.75% to $0.000000004555895613.

InvestorsObserver is giving SafeMoon a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on SafeMoon!

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Highly Volatile

InvestorsObserver gives SafeMoon a high volatility rank of 99, placing it in the top 1% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. SAFEMOON's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

SafeMoon price is trading above resistance. With support near $0.00000000424304927002034 and resistance at $0.00000000442657624141824. This positions SafeMoon out of range and potentially in a volatile position if the rally burns out.